Fdi Policy

CAIT alleges FDI policy violations by Metro; German retailer denies charge

Traders' body CAIT on Thursday accused Metro AG of fund diversion and violating FDI regulations in India, a charge which the German cash-and-carry major rejected as "false and malicious". The Confederation of All India Traders (CAIT) raised serious objections over the business practices of Metro AG's Indian subsidiary Metro Cash & Carry. Metro Cash & Carry India currently operates 31 stores in the country under the brand Metro Wholesale. Metro AG, which had entered the Indian market in 2003, is now reportedly scouting for a partner to sell a majority stake in its Indian subsidiary. Several entities, including Amazon, Thailand's Charoen Pokphand (CP) Group, Reliance Retail, Avenue Supermarts (D-Mart), Tata Group and Lulu Group, are said to be in the race to acquire the majority stake. "As per the media reports Metro Germany is looking to sell the India business and make profits of over Rs 10,000 crore on its investment in India which is nothing but the diversion of funds by ...

Govt set to allow 20% foreign direct investment in LIC ahead of listing

DFS, Dipam and DPIIT have finalised the change in FDI policy

DPIIT to come out with revised FDI policy to facilitate LIC disinvestment

The matter is being discussed with the Department of Financial Services and Department of Investment and Public Asset Management (DIPAM)

Govt considering FDI policy tweak to facilitate privatisation of BPCL

The tweak might allow overseas investors to pick up a majority stake in India's second biggest oil refiner Bharat Petroleum Corp Ltd

Best of BS Opinion: Competition in e-tail, Covid-19 vaccine, and more

Here's a selection of Business Standard opinion pieces for the day

Competition in e-tail: Fair or unfair?

The e-commerce foreign direct investment policy doesn't sit well with the concept of competition

DPIIT set to take up e-commerce FDI policy with e-tailers on Thursday

The meeting, chaired by DPIIT Secretary Guruprasad Mohapatra, will also see participation of Reliance Jio, Snapdeal, Paytm Mall, and Swiggy

FM promises safeguards; Rajya Sabha passes Bill to hike FDI in insurance

Bill provides that no insurer shall invest policyholders' funds outside India, says government

Budget 2021: FDI cap hike in insurance may set cash registers ringing

The large insurance companies are well capitalised and backed by very strong Indian partners, mostly banks and large non-banking players

Top headlines: India asks WhatsApp 14 questions; Dunzo gets $40 mn funding

Business Standard brings the top news of the evening

Trade group accuses Amazon of violating FDI policy, company denies charges

Traders' body CAIT on Wednesday accused e-commerce major Amazon of violating FDI policy and Foreign Exchange Management Act (FEMA) norms, a charge which the multinational company denied

Govt put out update FDI policy, ambiguity on Chinese firms continues

The new edition includes the April 2020 circular that said foreign investment from countries sharing a land border with India requires prior approval of the Indian government

Commerce Ministry releases next edition of consolidated FDI policy document

The Commerce and Industry Ministry on Wednesday released the next edition of its consolidated foreign direct investment (FDI) policy document, incorporating all the changes made over the past year. According to the Department for Promotion of Industry and Internal Trade (DPIIT), the new circular has come into effect from October 15. The consolidated policy is a compilation of various decisions taken by the government with regard to FDI in different sectors. DPIIT, which deals with FDI related matters, compiles all policies related to foreign investment regime into a single document to make it simple and easy for investors to understand. Investors would otherwise have to go through various press notes issued by the department, and the RBI regulations to understand the policy. The whole exercise is aimed at providing an investor-friendly climate to foreign players and, in turn, attract more FDI to boost economic growth and create jobs. The government has liberalised FDI policy in .

Why Atmanirbhar could be govt's biggest gift to Indian pvt sector in 30 yrs

Despite the largesse, however, it remains to be seen whether or Indian companies can shrug off the old habit of jugaad, tweaks and twists

Understanding India's FDI flows

The government has announced that it would review its FDI policy in a comprehensive manner

Facebook seeks legal advice on $5.7-billion investment in Jio Platforms

Social media giant has some investors from China, wants clarity on beneficial ownership norms

Clarity for FDI

Govt must follow up on its restrictions on investment from China

FDI shift from China? A joke

The orchestra is building up to a crescendo

The rise of discretion

Recent decisions in the wake of Covid-19 have hurt India's FDI policy

No country should have any concern over India's new FDI policy: Govt

India's decision to tighten norms for FDI came amid reports of China eyeing to take over several Indian entities following fall in their valuation due to economic downturn in the wake of the pandemic